Bullish Momentum - Strong Technicals and Robust Fundamentals

Trend Breakout: Arihant Capital has broken out above the crucial level of 80, signaling a potential shift in the trend to the upside.
Weekly Candlestick Strength: The stock exhibits a strong closing with an engulfing candlestick pattern on the weekly timeframe, indicating significant bullish sentiment among investors.
RSI Breakout and Volume Surge: The Relative Strength Index (RSI) breakout, accompanied by high trading volume, suggests increasing buying pressure and momentum behind the price action.
Robust Fundamentals: Arihant Capital demonstrates impressive revenue and profit growth, with Q2 figures showing exponential year-over-year growth in both revenue and profit before tax (PBT), as well as profit after tax (PAT). These strong fundamentals provide a solid foundation for the stock's upward trajectory.
Trade Idea: Considering the bullish technical and fundamental factors, Arihant Capital presents an attractive opportunity for bullish positions. Traders may consider long positions, aiming for continued upside momentum fueled by the breakout and strong financial performance. Implementing appropriate risk management strategies is advised to mitigate potential downsides.

Note: This analysis is based on technical indicators, candlestick patterns, and fundamental data. Traders should conduct their own due diligence and consider risk management practices before making any trading decisions.